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and spending cuts from kicking in. they only have four days to reach an agreement or the u.s. economy will go over the so- called fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said supporters a note yesterday including " he would ask me to tell you please put the sharks back in the closet " the 88 ye
and spending cuts from kicking in. they only have four days to reach an agreement or the u.s. economy will go over the so- called fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds...
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Dec 28, 2012
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and spending cuts from kicking in. ed payne has theestory. 3 in what is seen as a last-minnte attempt to reach a deal, president obama mmets t the white house with senate majority leader harry reid,, pelosi, senate minority leader miich mcconnell and houue &psppaker john bbehner. they have only our days to reach an agreement... or the u-s economy will go over thee so-called "fiscal cllff." that's when automattc tax increasse and ssendinngcuts would take effect. reaching a deal beeooe then on't be easy. becauseeright now, both high-stakes political blame game. we are here in washingtonnworking while the members of the house of reeresentatives are out watching movies and watching the kids play soccerrand bbsketball and doing all kinds oo things. they should be here. i told the prreident i'd beehappy to look at whateeer he proposes but the truth is we're coming up against a hardd &pthis is a conversation we &pbbsh-era tax cuts to everyonne except those americans making year. many republicans rrmain - against any tax incce
and spending cuts from kicking in. ed payne has theestory. 3 in what is seen as a last-minnte attempt to reach a deal, president obama mmets t the white house with senate majority leader harry reid,, pelosi, senate minority leader miich mcconnell and houue &psppaker john bbehner. they have only our days to reach an agreement... or the u-s economy will go over thee so-called "fiscal cllff." that's when automattc tax increasse and ssendinngcuts would take effect. reaching a deal...
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Dec 28, 2012
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if there's no deal, taxes will go up and spending will be slashed. some warn that combination could spark another recession. with no deal in sight, president obama left hawaii and returned to the white house. his team disputed reports that the president is sending lawmakers a scaled- down plan to avoid the "fiscal cliff." the u-s senate is back in session. democratic leader harry reid. took aim at the house of represenatives for not ending its vacation early. >> i can't imagine their conscious. they're out wherever they are around the country and we're here trying to get something done. >> late thursday.the house decided it will return to washington on sunday evening. a spokesperson for house speaker john boehner responded that reid should "talk less and legislate more." the biggest divide continues to be taxes. democrats want to extend the bush-era tax cuts to everyone except those americans making 250- thousand dollars or more a year. many republicans remain against any tax increases. >> rep. steven latourette (ohio): nobody is willing to pull the
if there's no deal, taxes will go up and spending will be slashed. some warn that combination could spark another recession. with no deal in sight, president obama left hawaii and returned to the white house. his team disputed reports that the president is sending lawmakers a scaled- down plan to avoid the "fiscal cliff." the u-s senate is back in session. democratic leader harry reid. took aim at the house of represenatives for not ending its vacation early. >> i can't imagine...
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Dec 28, 2012
12/12
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WMAR
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if no agreement is reached, there will be across the board tax increase and deep spending cuts. members of the u.s. house are returning to dc on sunday for an emergency vote. the senate they came back yesterday. the house could be in session until january 2nd the day before the new congress is sworn in. >>> 6:47. we have been swamped with the news of the fiscal cliff but locally your property values could climb over a different sort of cliff. half a million maryland home own verse not filled out an application -- homeowners have not filled out a application for a tax credit and may miss out on free money a law requires home owners to fill out a one time application to update the data base and cut down on fraud. you can only get that credit for the main home not a rental or second home. >> i've been a home owner for over 30 years so i want my money. >> everybody has gotten 2 manycations mailed to their prepes address. >> if you -- prepes address. >> so -- premise address. >> so if you forget you will lose out on the next year's credit. the law allows you to apply any time to g
if no agreement is reached, there will be across the board tax increase and deep spending cuts. members of the u.s. house are returning to dc on sunday for an emergency vote. the senate they came back yesterday. the house could be in session until january 2nd the day before the new congress is sworn in. >>> 6:47. we have been swamped with the news of the fiscal cliff but locally your property values could climb over a different sort of cliff. half a million maryland home own verse...
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Dec 28, 2012
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KRON
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. >> reporter: with no deal spending will be slashed and taxes will go of it could spark another recession. with this deadline approaching president obama and the senate will return and speak on sunday. >> certainly there is still time. >> reporter: point is still texas the want to extend the bush assured taxes except for the time making to water vicki thousand dollars per year ordered the sticking- point is still boyish-direct taxe bush-era of texas taxes >> and. nobody wants. to really work they just want to play the name game. >> putting over the edge that the scenario is allowing tax increases to take effect and on january 3rd, the lawmakers are going to be able to cut taxes. elisabeth corridon.. awarding. >> both obama and the senate returned to washington today after a christmas break. house leaders announced the chamber would reconvene sunday and possibly stay in session until a new congress is sworn in january third. someone hacked into her the san francisco muni service will be free this friday to celebrate muni's 100 years of service. and 100 years of customer support. all buses.
. >> reporter: with no deal spending will be slashed and taxes will go of it could spark another recession. with this deadline approaching president obama and the senate will return and speak on sunday. >> certainly there is still time. >> reporter: point is still texas the want to extend the bush assured taxes except for the time making to water vicki thousand dollars per year ordered the sticking- point is still boyish-direct taxe bush-era of texas taxes >> and. nobody...
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Dec 28, 2012
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president obama and top congressional leaders are looking for common ground to keep automatic spending cuts and tax increases from kicking them. hidden payne has the story. >> reaching a bill will not be easy because both sides are in a blaming game carry it >>. >> i told the president that we will look at whatever he proposes but the truth is is that we're coming up against a hard deadline. as i stated before this is a conversation that we should have had a month ago. >> democrats want to extend the bush era tax cuts. many republicans are against any tax increases. most americans just want something to be done. >> if people are just tired of partisanship. we just want everyone to come together. >> if lawmakers do not come together then this may lead to recession. i am and \ / \ \ / ed payne reporting. >> we will be right back. [ male announcer ] if you're ready to get more from your tv service, now's a great time to get at&t u-verse tv. make the switch. [ female announcer ] call now to get at&t u-verse tv for only $29 a month for 6 months, with a total home dvr included free for life.
president obama and top congressional leaders are looking for common ground to keep automatic spending cuts and tax increases from kicking them. hidden payne has the story. >> reaching a bill will not be easy because both sides are in a blaming game carry it >>. >> i told the president that we will look at whatever he proposes but the truth is is that we're coming up against a hard deadline. as i stated before this is a conversation that we should have had a month ago....
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Dec 28, 2012
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president obama and congressional leaders are meeting at the white house right now trying to figure out a way to avoid it. negotiation have been under way for about an hour. steve handelsman joins us. so far no deal? >> i'm checking. so far the meeting continues, which could be a bad sign, can it? sources here on the hill say in today's meeting president obama planned to be kind of tough, figuring that he has gotten the advantage back to the extent anybody has the advantage this close to the cliff and that he'll push hi original demand, the tack rates rise on income over a quarter million dollars. it's a positive sign, the first meeting since mid-november of the four congressional leaders, democrats and republicans at the white house. called by president obama, house speaker jane boehner, the key figure. >> the fact that he's come back and the four of them are at the table means to me we could come up with some kind of agreement. >> reporter: both sides want a deal to avoid tax hikes that could cost middle-class families $2400. if that rate lasts all of next year. the hangup is still ta
president obama and congressional leaders are meeting at the white house right now trying to figure out a way to avoid it. negotiation have been under way for about an hour. steve handelsman joins us. so far no deal? >> i'm checking. so far the meeting continues, which could be a bad sign, can it? sources here on the hill say in today's meeting president obama planned to be kind of tough, figuring that he has gotten the advantage back to the extent anybody has the advantage this close to...
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Dec 28, 2012
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spending cuts and tax hikes will go into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. >> i have to be honest mr. president, i don't know timewise how it can happen now.((?u >> reporter: harry reid lashed out at house speaker bane area out at house speaker bane area caution him ofrm" dictatorship. >> boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> reporter: republicans blame democrats. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his speaker boehner call the house back into town for an unusual sunday session. members of congress understand the 11th hour actions may not be enough to appease the public. >> the american people have a
spending cuts and tax hikes will go into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. >> i have to be honest mr. president, i don't know timewise how it can happen now.((?u >> reporter: harry reid lashed out at house speaker bane area out at house speaker bane area caution him...
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Dec 28, 2012
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the ballast planned and cut spending in a responsible way that would also ask the wealthiest americans to pay a little more. i still want to get this done. it is the right thing to do for families, our businesses, and our entire economy. but the allure for immediate action is here. -- hour for immediate action is here. in just a four days, every american's tax rates are scheduled to go up by law. every american's paycheck will get considerably smaller. that would be the wrong thing to do for our economy. it would be bad for middle-class families, and it would be bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if the act right now. i just had a good and constructive discussion here in the white house with senate and house leadership about how to prevent the tax hike on the middle class. i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement is not reached in time, between senator reid and senator mcconn
the ballast planned and cut spending in a responsible way that would also ask the wealthiest americans to pay a little more. i still want to get this done. it is the right thing to do for families, our businesses, and our entire economy. but the allure for immediate action is here. -- hour for immediate action is here. in just a four days, every american's tax rates are scheduled to go up by law. every american's paycheck will get considerably smaller. that would be the wrong thing to do for...
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Dec 28, 2012
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. >> j president obama will meet with leaders from capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be very honest mr. president, i don't know time-wise how it can happen now. >> reporter: senate majority leader harry reid]vtkÑ lashed ot at speaker boehner accusing him of running a tar forship. >> john boehner seems to -- >> reporter: republican leaders blame democrats for the standoff and say there are limits to a compromise. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner call the house back into town for an unusual sunday
. >> j president obama will meet with leaders from capitol hill today, hoping to avoid the fiscal cliff, combination of spending cuts and tax hikes with will go into effect unless lawmakers can broker a deal before the end of the year. will meet with congressional white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. jive to be very honest mr. president, -- >> i have to be very honest mr. president, i don't know time-wise how it...
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Dec 28, 2012
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and spending cuts set to kick in next week. keith russell with more on the budget talks that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one that involved a tax increase for only those earning more than $400 is off the table. advisers say that was part of a bigger proposal that speaker boehner did not accept. it looks like the current proposal goes back to raising taxes on those who make more than $250,000. the proposal known as plan b didn't work. it will remain to be seen if the smaller plan will. either way the countdown to the if you year could be very costly. >> i'm hopeful that a deal will avoid the worst parts of a fiscal live cliff. >> the tax increases need to be averted, a
and spending cuts set to kick in next week. keith russell with more on the budget talks that ended about 45 minutes away. >> jim, the meeting started at 3:10 and ended at 4:15. the four congressional leaders left without speaking to the media. with $600 billion in tax hikes set to take effect new year's day. senior advisers said the president was set to make a small offer with the full support of reid and pelosi. nbc news has learned that a previous offered made by the president, the one...
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Dec 28, 2012
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. >>> bush is spending the night in the hospital. the 41st president has been in the hospital for more than a month with bronchitis. >>> president obama summoned congressional leaders to come to the white house tomorrow in a last ditch effort to try to avoid the so called fiscal cliff. the president arrived in washington today cutting short his hawaii vacation. he called congressional leaders last night and today house speaker john boehner said the house will convene on sunday leaving less than 48 hours to come up with a deal. >> it's the count down to midnight. the start of a new year. but this year president, the american people are waiting for the ball to drop but it's not going a good drop. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> off the senate floor, mitch mcconnell appears to be more flexible. the senator sent an e-mail suggesting he's negotiating an acceptable deal with the white house. >>> stocks rebounded today on
. >>> bush is spending the night in the hospital. the 41st president has been in the hospital for more than a month with bronchitis. >>> president obama summoned congressional leaders to come to the white house tomorrow in a last ditch effort to try to avoid the so called fiscal cliff. the president arrived in washington today cutting short his hawaii vacation. he called congressional leaders last night and today house speaker john boehner said the house will convene on sunday...
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Dec 28, 2012
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. >>> bush is spending the night in the hospital. the 41st president has been in the hospital for more than a month with bronchitis. >>> president obama summoned congressional leaders to come to the white house tomorrow in a last ditch effort to try to avoid the so called fiscal cliff. the president arrived in washington today cutting short his hawaii vacation. he called congressional leaders last night and today house speaker john boehner said the house will convene on sunday leaving less than 48 hours to come up with a deal. >> it's the count down to midnight. the start of a new year. but this year president, the american people are waiting for the ball to drop but it's not going a good drop. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> off the senate floor, mitch mcconnell appears to be more flexible. the senator sent an e-mail suggesting he's negotiating an acceptable deal with the white house. >>> stocks rebounded today on
. >>> bush is spending the night in the hospital. the 41st president has been in the hospital for more than a month with bronchitis. >>> president obama summoned congressional leaders to come to the white house tomorrow in a last ditch effort to try to avoid the so called fiscal cliff. the president arrived in washington today cutting short his hawaii vacation. he called congressional leaders last night and today house speaker john boehner said the house will convene on sunday...
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they and president obama still hope a deal to avoid the "fiscal cliff" can be reached. but democrats and republicans are stil at odds over tax hikes on the wealthy. a woman makes a 9-1-1 for call for help that ends in a deadly confrontation between an armed man and walnut creek police. the officer involved shooting took place on the 1400 block of creekside drive just after 3am thursday morning.no officers were injured. the man who was shot by officers died at the scene. he has been identified as 22-year-old anthony banta jr. the incident has rattled residents in the area. >> i have been here for three years. i thought that walnut creek was one of the safest places to be. i thought that could could have never happened. >> unbelievable. >> scary. >> right on the road from where i live. >> just a couple of doors down. >> if it could happen anywhere. >> everybody is shaken up and a state of shock they thought that it could not happen here. >> i walked out and saw the police tape and i thought it was a joke. my wife commented and i could not believe it. >> grant: the contra
they and president obama still hope a deal to avoid the "fiscal cliff" can be reached. but democrats and republicans are stil at odds over tax hikes on the wealthy. a woman makes a 9-1-1 for call for help that ends in a deadly confrontation between an armed man and walnut creek police. the officer involved shooting took place on the 1400 block of creekside drive just after 3am thursday morning.no officers were injured. the man who was shot by officers died at the scene. he has been...
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Dec 28, 2012
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betweenn resident obama ad &ptop coonressional leaders. leaders.they've got just 4 days left to reach an aageement... before the u-s economy goes over the poocclled "fiscal cliff." that's when automatic taxx increases and spending cuts would take effect. democrats wann to extend the bush-era tax cuts to everyone except ttose americans making 250- thousand dollars or more a year. but many republicans remain gginst any tax increases. if lawmakers don't peach a deal by january 1st... it could eventually lead to another recession. with all eyes on thh fiscal cliff... there's anothee deadline quickly approochinn that might have consumers concerned... the "milk cliff." it's part offa stalled farm bill... that includes nearlyy35-billioo- dollars in cuts. f the bill doesn't make it throuuh congress before the end of the year... the government will be forced tt buu vast quuntities of milk under a trummnnera law. that could send as 6 to 8 dollars ggllon... because the government would the wholeeale rate... under a pre-filed bill in the general assem
betweenn resident obama ad &ptop coonressional leaders. leaders.they've got just 4 days left to reach an aageement... before the u-s economy goes over the poocclled "fiscal cliff." that's when automatic taxx increases and spending cuts would take effect. democrats wann to extend the bush-era tax cuts to everyone except ttose americans making 250- thousand dollars or more a year. but many republicans remain gginst any tax increases. if lawmakers don't peach a deal by january 1st......
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Dec 28, 2012
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that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this afternoon the right now it's cold. that's what we'll focus on in the meantime. cold temperatures are dipping below freezing now. look at fairfield, that's just dropped to 31 degrees. some people scraping some frost off their windshields this morning. 39 in vallejo. 35 santa rosa. so all that blue tells us it's chilly. and unfortunately by this afternoon, well, i guess it's fortunately if you like the cold weather, but it is going to be slightly cooler today than yesterday. a lot of low 50s. 52 santa rosa. only 50 in fairfield. a little more mild around the bay, 54 in oakland and fremont. as frank just mentioned, the rain, light rain set to hit the bay area friday after
that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this afternoon the right now it's cold. that's what we'll focus on in the meantime....
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KRON
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. >> president obama in congress are looking to keep automatic spending freezes from kicking in a pain has the stor\ed paine has the story >> nancy pelosi, which mcconnell, and john boe hner have four days to reach agreement or spending cuts would take effect. >> both sides are involved in a high-stakes political blame game. >> we are here in washington working. the members of house of represented or out watching movies, and watching the kids play soccer, basketball, and doing all kinds of things. they should be here. >> i told president i will be happy to look at what ever he proposes. a hard deadline. as i said this is the conversation we should of had to go. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more per year. republicans remain against any tax increases. >> most americans just wasn't begun. >> people are tired. >> islamic not reach a deal by january 1st many economists are concerned it could lead to another recession. >> ibm ed paine reporting. >> and other nationals former president george h. w. bush is still in int
. >> president obama in congress are looking to keep automatic spending freezes from kicking in a pain has the stor\ed paine has the story >> nancy pelosi, which mcconnell, and john boe hner have four days to reach agreement or spending cuts would take effect. >> both sides are involved in a high-stakes political blame game. >> we are here in washington working. the members of house of represented or out watching movies, and watching the kids play soccer, basketball, and...
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stock futures headed south as the white house stages that last-ditch effort on taxes and spending. erica ferrari of cbsmoneywatch.com joins us now with an early check on your dollars. good morning. >> reporter: good morning. asian markets guilty a boost on word president obama will meet congressional leaders again today to try to hammer together a last-minute plan to avoid the so-called "fiscal cliff." tokyo's nikkei gained nearly 1%. hong kong's hang seng added .25%. >>> news of more budget talks sent wall street on a roller coaster ride thursday. stocks ultimately ended the session lower for a fourth consecutive day. the dow lost 18 points. the nasdaq was down 4. >>> the clock is ticking until lawmakers' monday night deadline and still no "fiscal cliff" deal is in sight. sunday the house has been called to an unusual session just in case an agreement is not reached. >>> a new report suggests the looming "fiscal cliff" is forcing consumers to lose confidence in the nation's economy. the conference board said on thursday its consumer price index fell sharply in december for the sec
stock futures headed south as the white house stages that last-ditch effort on taxes and spending. erica ferrari of cbsmoneywatch.com joins us now with an early check on your dollars. good morning. >> reporter: good morning. asian markets guilty a boost on word president obama will meet congressional leaders again today to try to hammer together a last-minute plan to avoid the so-called "fiscal cliff." tokyo's nikkei gained nearly 1%. hong kong's hang seng added .25%....
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economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago. >> the main sticking point is who should pay more in taxes. democrats want a hike on households making more than $400,000 a year and republican aids say their leaders might get on board with that offer. >>> meanwhile if they aren't able to avoid the fiscal cliff people here in alabama will be especially hard hit. that's because prop 30 will soon mean higher sales taxes and higher income taxes on the state's top earners, the fiscal cliff would add to that hitting all american with higher taxes. >> i don't know if there's a word to describe how upset the public is going to be. nobody's going to be happy to s
economists hope they'll come up with a plan to avoid automatic tax increases and government spending cuts. some fear the meet as good just for show, however a big development with the senate minority leader. he spoke directly with the president for the first time in negotiations. >> i told the president we would be happy to look at whatever he proposes but the truth is we're coming up against a hard dead line here and as i said, this is a conversation we should have had months ago....
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though president obama has signaled that he would up that to $400,000 a year in a compromised deal. republicans though, have rejected any tax increases, despite house speaker boehner's proposal to increase taxes on those people earning more than a million. not much has really changed before christmas. we'll see if the meeting today will change any of that. back to you. >> sherri ly reporting, thank you. >>> making headlines overseas this morning, rebels are closing in on the capitol and the u.s. is closing our embassy there. the state department is ordering the american ambassador and all his staff to leave immediately. rebels took 10 more towns in the last couple of days. air force cargo plane evacuated 40 americans overnight. and the u.s. is telling all american citizens in the central african republic to get out now. >>> in russia, president vladimir putin signed a bill banning americans from adopting russian children. the law is reportedly in retaliation for a new law in the u.s. that calls for sanctions against russian officials for human rights abuses. it takes effect january
though president obama has signaled that he would up that to $400,000 a year in a compromised deal. republicans though, have rejected any tax increases, despite house speaker boehner's proposal to increase taxes on those people earning more than a million. not much has really changed before christmas. we'll see if the meeting today will change any of that. back to you. >> sherri ly reporting, thank you. >>> making headlines overseas this morning, rebels are closing in on the...
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president obama meeting with congressional leaders. that's going to happen this afternoon. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> we are just four days away from the tax increases and the automatic spending cuts that are going to affect everybody's finances. the president has now called for congressional leaders to come to the white house in search of a last-minute deal to avoid the so-called fiscal cliff, right? the president and the vice president, they're going to meet with house speaker john boehner, minority leader nancy pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do
president obama meeting with congressional leaders. that's going to happen this afternoon. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any...
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big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people in the white house and treasury department don't want that to happen because they think the markets may freak out. already the markets are reacting to the news within the last hour. yesterday the markets dipped a little bit on reid's comments in the senate. so they are worried about the economy. i think purely politically, obama will be strengthened once we go over. >> ryan lizza, thank very much. it's going to be an interesting couple of days. >> yeah, it sure is. >> thanks, ryan. >>> weapons of war on the streets of los angeles.
big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy that purely political benefits the most after january 3rd satisfy in a stronger negotiating position. he'll also have, remember, a few more democrats in the house and in the senate. so the white house will be strengthened after this happens. but a lot of people...
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Dec 28, 2012
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obama and congressional leaders will meet house today to avoid tax hikes and spending cuts. this comes after serious on capitolckering hill. we will have an in depth live report coming up. >> we are going to start with a look at what remains on 355 at cedar lane. one right lane getting by. it is very very slow. the beltway. we will take a look at the map. we had a report of an accident george washington parkway. the right lane is blocked. not very much back up. >> partly sunny skies and 37 degrees. breeze bringing our chill factor down to the low 30s. kind of a chilly start. we will warm up to the upper low 40's this afternoon. winter weather advisory in the north and west of the metro. that is the latest on the forecast. back to you. >> thank you for joining us. have another update for at 8:27. have a great morning. [ cheers and applause ] >>> oh, boy. great friday crowd with us. and albeit a chilly times square. they're getting the spirit award out there. george, robin, lara, lucky enough to be at their home with their families. wonderful have to amy robach, paula faris, r
obama and congressional leaders will meet house today to avoid tax hikes and spending cuts. this comes after serious on capitolckering hill. we will have an in depth live report coming up. >> we are going to start with a look at what remains on 355 at cedar lane. one right lane getting by. it is very very slow. the beltway. we will take a look at the map. we had a report of an accident george washington parkway. the right lane is blocked. not very much back up. >> partly sunny skies...
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. >>> president obama summoning congressional leaders to the white house, 3:00 this afternoon is the date for one final fiscal cliff showdown. just four days left to get this deal done or massive tax hikes and spending cuts will kick in. >>> the u.s. embassy clearing out of an african nation this morning. deteriorating security in the central african republic has forced the u.s. state department to temporarily suspend operations. there the u.s. ambassador, his diplomatic team and some private american citizens are out of the capital. the country's president has asked france and the united states for help to stop rebels that threaten rule. >>> it's not clear who will replace lisa jackson as the head of the environmental protection agency. jackson announced yesterday she's stepping down in january after the president's state of the union address. the epa created new standards for air pollution from coal power plants on her watch. >>> massachusetts congressman ed ma markey throwing his hat into the ring for kerry's senate seat. a special election would be held early this summer. markey
. >>> president obama summoning congressional leaders to the white house, 3:00 this afternoon is the date for one final fiscal cliff showdown. just four days left to get this deal done or massive tax hikes and spending cuts will kick in. >>> the u.s. embassy clearing out of an african nation this morning. deteriorating security in the central african republic has forced the u.s. state department to temporarily suspend operations. there the u.s. ambassador, his diplomatic team...